model risk management

Leveraging the extensive experience with Financial Institutions, BRIDGEi2i has developed a model risk management platform, M². M² provides complete control and visibility over model performance and health with in-depth monitoring metrics for evaluation. M² effectively incorporates governance workflows to manage models across its entire lifecycle from development to retirement.

Model Risk Management (MRM). One may wonder why talk about it now when it’s been nearly 3 years since the OCC guidelines were published. But before that let’s define MRM. It is the integrated process of managing model risk through a model’s entire lifecycle and in the process ensure a governance rhythm that is regulations compliant. Similar to OCC, various countries have framed regulations that could impact model governance. And this is a first in a series of blogs that can highlight the regulatory requirements and model governance parameters.